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Rosefellow buys 22 acres in Ottawa, plans twin 250K-sq.-ft. buildings
Rosefellow buys Ottawa dev. land; plans 2, 250K-sq.-ft. bldgs.
Montreal-based developer Rosefellow is continuing to expand its portfolio in Ontario, acquiring a near-22-acre site in the west end of Ottawa where it plans to construct twin, 250,000-square-foot distribution centres.
Manulife to outsource Canadian property management to JLL
Manulife Investment Management (MFC-T) has decided to outsource its Canadian property and building management operations to JLL starting in early 2023.
Van. office vacancy increases for the first time this year
For the first time in a year, Metro Vancouver’s office vacancy rate grew last quarter, with an increase of 30 basis points quarter-over-quarter to 6.6 per cent, according to CBRE Canada’s third-quarter office figures.
Montreal approves six-phase mixed-use project
Montreal has approved Rachel Julien’s Canoë project for six phases of construction of mixed-use buildings ranging from one to 10 storeys near Olympic Stadium. The development would include 928 housing units, a medical clinic and stores.
Suburban Calgary seeing apartment construction boom
In 2022, the percentage of apartment units under construction in Calgary not only represents roughly 60 per cent of all residential construction, but a significant number of units are also located on the city’s outskirts.
Peoplefirst seeks to rejuvenate west downtown Calgary
Peoplefirst Developments – with a $38-million project that aims to turn the old SNC-Lavalin building into a rejuvenated structure with more than 100 apartments – is one of many stakeholders seeking to revitalize the western side of Calgary’s core.
Sault Ste. Marie selling industrial land for $50K per acre
Sault Ste. Marie Economic Development Corp. is preparing to launch an aggressive marketing campaign for city-owned industrial land. James Caicco from Century 21 Choice Realty was recently retained to market the property at $50,000 an acre.
Innovation key to decarbonizing concrete: Report
The Cement Association of Canada (CAC) and the Canadian government have released a blueprint for the sector to reach net-zero by 2050, challenging the heavily polluting industry to decarbonize with technology, efficiency and carbon capture.
Courtyard and Residence Inn by Marriott opens in Montreal
Marriott International, Inc. announced the opening of a new 274-room dual-branded Courtyard and Residence Inn by Marriott hotel in midtown Montreal. The Residence Inn Montreal Midtown offers studio, one-bedroom and two-bedroom suites.
Moncton approves controversial subdivision
Moncton councillors voted to approve Eastgate, a subdivision city staff and the municipal planning committee recommended rejecting because it goes against an emissions reduction plan and sprawl-limiting policy. ELCE Developments' proposal includes 956 housing units — houses, townhouses and apartments.
Hometown Hillsdale bringing 500 houses to Barrie-area village
Kathy Di Silvestro, president of Crystal Homes, along with Fernbrook Homes and Zancor Homes, have launched Hometown Hillsdale — a master-planned community of detached homes on lots 50 to 100 feet wide in the village of Hillsdale, Ont.
Manulife US REIT appoints Citigroup for strategic review
Singapore-listed Manulife US REIT has appointed financial adviser Citigroup Global Markets Singapore to conduct a strategic review after reporting disappointing third-quarter results.
Brexit discount to help U.K. CRE weather market storm
The U.K. will be Europe’s best-performing commercial real estate market over the next five years because properties have been trading at a discount compared with European peers since Brexit and that’s created a buffer.
Real estate podcasts
Scott Addison, Colliers Canada: Brokerage & the Oxford Cup, CRE Library
Jamie Petten, Kanata North Business Association: Connecting the community, Tenant Experience Network
David Merklinger, SVP marketing, sales professional: A passion for change in real estate marketing, People Who Perform
CRA challenging transactions ahead of new anti-flipping rules
Canada’s new anti-flipping rules for residential real estate are scheduled to come into force on Jan. 1, 2023, and are designed to “reduce speculative demand in the market place and help to cool excessive price growth.”
B.C. expanding speculation and vacancy tax
The B.C. government is heralding the latest revenue data from its speculation and vacancy tax, saying it is generating millions of dollars in revenue which in turns helps to increase the amount of affordable housing.
Money laundering ring allegedly tied to Van. RE
Police in Alberta and B.C. have arrested seven individuals who allegedly formed a multimillion-dollar, nationwide money laundering ring tied to real estate in Vancouver, Calgary and Toronto.
Saskatoon's new home construction hits 'rock bottom'
There were 48.4 per cent fewer homes being built in Saskatoon year-over-year in Q3, according to the Saskatoon New Housing Market Overview for Q4 2022. There was also a 63.3 per cent decline compared to the 10-year average.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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